Home train investment trust Ch. 7 lessons from Evander Kane’s bankruptcy

Ch. 7 lessons from Evander Kane’s bankruptcy

Law360 (June 22, 2021, 4:35 p.m. EDT) – Evander Kane is a professional hockey player for the San Jose Sharks. He is an 11-season NHL veteran and has racked up over $ 50 million in career earnings from his NHL salary alone. In 2018, he signed a seven-year contract extension for $ 49 million.

On January 9, Kane filed for voluntary Chapter 7 bankruptcy.

Prior to filing, Kane borrowed millions of dollars and spent millions on an extravagant lifestyle. He has lost millions of dollars gambling in recent years and pays nearly $ 9,000 a month for luxury vehicles. His monthly expenses exceed $ 93,000 and he has planned …

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